CCL rose by 0.98% weekly, hitting a 71-week high. The stabilization of Hong Kong stocks led to an increase in Hong Kong property prices.

According to the Zhongtong Finance App, Yang Mingyi, the senior co-director of the ZY Research Department, pointed out that the Zhongyuan City Leading Index (CCL) is the latest report at 141.72 points, an increase of 0.98% weekly. This is due to the Hang Seng Index regaining the 26,000-point mark on October 21, the first round of sales of 138 units in Kam Lung III on Kin On Road, Yuen Long, the second round of sales of 30 units in Woodis, Wan Chai on the 25th, the agreement reached in the fifth round of negotiations on the trade agreement framework between China and the United States in the week before the second interest rate cut on the 30th. With the agreement reached between China and the United States in the trade negotiations, Hong Kong stocks stabilized, new property sales performed well, and anticipation of interest rate cuts led to an increase in property prices. CCL rose above 141 points, reaching the second highest level in 71 weeks since the end of June 2024. After two consecutive interest rate cuts by banks, the real estate market sentiment improved, Sino-US relations eased, and new property prices increased for sale, which is beneficial for the short-term upward fluctuation of property prices. The fourth quarter target for CCL remains unchanged at 143.02 points, currently differing by 1.30 points or 0.92%.